British athletes will get at least £125 million per year of funding for
the rest of this decade to help repeat the rush of Olympic golds won by Team
GB, David Cameron has said.

The Prime Minister said he would maintain funding at the current record levels for at least four years and there is “no expectation” it will end before 2020.

Speaking on the last day of the Olympic Games, Mr Cameron said it was no time to “pull the plug” on winners who have brought in a haul of medals for Britain not seen for more than a century.

Lord Coe, who masterminded the London games, will now be the Prime Minister’s “legacy ambassador” making sure Team GB capitalises on its success in London.

Funding for Olympic sports had previously only been guaranteed until 2014. The government has now confirmed it will add £40 million to the £87 million per year coming from the National Lottery.

Sporting officials want Britain to build on the national enthusiasm for the London Olympics in the Rio games in 2016. Britain has won 62 medals so far as host nation of the games, far exceeding the targeted 48 set by UK Sport